What is one effective way to lower overhead costs?

Lowering overhead costs effectively often involves strategically managing resources and liabilities. By growing the fleet and lowering uninsured losses, a business can enhance operational efficiency and reduce costs associated with vehicle maintenance and insurance. Increasing the fleet can lead to better distribution and service capabilities, ultimately leading to increased productivity and lower expenses per unit of output.

In contrast, increasing marketing expenses may lead to higher short-term costs without a guaranteed return, while offering more discounts can erode profit margins if not managed carefully. Investing in employee training is valuable for long-term skill development and employee satisfaction, but it may not directly reduce overhead costs immediately. Therefore, expanding the fleet while personally managing insurance and maintenance costs directly contributes to reducing the overall financial burden on the organization.